Some of the Government establishments benefitted from the Properties for which am standing trial for - Magu

Report reaching us says that the embattled acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu made a revelation that some of the cars and properties for which he is standing trial for the alleged mismanagement were bought off by the presidential villa and other ministries and agencies of the federal government.

This was revealed in a letter addressed to the Justice Ayo Salami-led panel entitled, ‘Re: Alleged Case of Conspiracy, Enrichment, Abuse of Public Office and Other Infractions.

The suspended EFCC Chairman said the Presidential Villa, the Ministry of Humanitarian Affairs, Disaster Management and Social Development, as well as the Federal Inland Revenue Services, are some of the government establishments that benefitted from the vehicle sales.

He added that some of these agencies had not paid for the vehicles but there was an arrangement in place for the money to be deducted from their financial allocation.

“On allocation of vehicles to some government agencies through special auction with presidential approval.

The beneficiary agencies are the Ministry of Humanitarian Affairs and Disaster Management of which the valued price is to be debited from their allocation; State House, National Commission for Refugees and Displaced Persons; Federal Inland Revenue Service and National Directorate of Employment,” he said.

The revelation of the suspended EFCC boss is a response to the special investigative panel’s request for him to explain how some of the vehicles and houses recovered by EFCC were auctioned as well as his inability to account for the interest accrued on the N550bn recovered funds.

Magu also added that about 450 other vehicles were yet to be disposed of, though the anti-graft agency had got the presidential approval to do so and the vehicles valued by appropriate government agencies.

The commission presently has presidential approval to dispose over 450 forfeited vehicles located in Lagos and Abuja.

The vehicles have been valued by the National Automotive Council Valuers and the Federal Ministry of Works and Housing. But no sale/disposal has been conducted yet,” Magu stated.

Some of the houses that had been permanently forfeited to the Federal Government by looters have also been handed over to government agencies.

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